Where’s the Volume?
I’ve had a few question on why I’m still bearish even after the big move yesterday and tonight’s session so far. Besides using Elliott Wave I’ve also been watching total New York Stock Exchange (NYSE) volume and as you can see below (don’t know why the chart is missing data for most of May?), whenever we get rallies on NYSE volume that is at these level, the floor ends up falling out and we tumble. If tomorrow brings another move up and we see volume spike I may change my tune, but for now I’m still shorting into rallies.
Filed Under: Market Overview








